Oil Prices

Price per barrel of WCS oil in US dollars.

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WTI Oil ($US/bbl)

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PUBLISHED - Feb 10, 2017

The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$52.17 a barrel in December 2016, 39.8% higher than it was a year earlier.  Western Canada Select (WCS), the price obtained for many Alberta producers for oil, was up from US$22.51 in December 2015 to US$37.18 in December 2016, a rise of 65.2%. Prices for WCS averaged US$29.48 in 2016, down 16.4% from 2015. The differential of WTI over WCS was US$14.99 in December 2016.